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Microsoft MB6-871 Exam Syllabus Topics:

SectionObjectives
Topic 1: Cash and Bank Management- Cash flow management
- Bank account setup and reconciliation
Topic 2: General Ledger- Journal processing and posting
- Financial period closing and reporting
- Chart of accounts setup and management
Topic 3: Financial Reporting- Custom report generation
- Standard financial statements
Topic 4: Accounts Receivable- Credit management and collections
- Customer management and setup
- Invoicing and cash application
Topic 5: Budgeting and Financial Control- Budget creation and maintenance
- Budget control and variance analysis
Topic 6: Fixed Assets- Depreciation and disposal processes
- Asset acquisition and capitalization
Topic 7: System Setup and Configuration- Financial module configuration
- Posting profiles and parameters
Topic 8: Accounts Payable- Vendor management and setup
- Invoice processing and payments
- Aging and settlement processes

Microsoft Dynamics AX 2012 Financials Sample Questions:

In Microsoft Dynamics AX 2012, what is budget control functionality?

  • A. zero-based budgeting
  • B. incremental budgeting
  • C. a process in the Workflow Management module
  • D. a method of ensuring that sufficient budget funds are available for planned or actual purchases
Answer: D

Which of the following statements about customer account statements in Microsoft Dynamics AX 2012 are true? (Choose all that apply.)

  • A. In a multi-company environment, a customer account statement can include transactional data for multiple companies.
  • B. A customer account statement displays only transactional data for a period.
  • C. If a customer account statement includes multiple currencies, the statement displays the opening and closing balance for each currency.
  • D. In a multi-company environment, a customer account statement can include transactional data for only one company.
Answer: A,B

You need to set up Foreign Currency Consolidation in Microsoft Dynamics AX 2012 to automatically post differences that result from consolidating subsidiaries with foreign currencies. What should you set up in the General Ledger?

  • A. an account for automatic Penny difference in accounting currency transactions
  • B. an account for automatic Balance account for consolidation differences transactions
  • C. rounding rules in the Currencies form
  • D. an account for automatic Penny difference in reporting currency transactions
Answer: B

You need to post an intercompany general ledger journal. In Microsoft Dynamics AX 2012, what should you set up to enable intercompany posting? (Choose all that apply.)

  • A. Set up the intercompany posting accounts in only one company.
  • B. Set up the intercompany posting accounts in both companies.
  • C. Set up the intercompany journal name in only one company.
  • D. Set up the intercompany journal name in both companies.
Answer: B,D

In Microsoft Dynamics AX 2012, how can you assign fixed asset numbering? (Choose all that apply.)

  • A. automatically based on a fixed asset calendar
  • B. manually
  • C. automatically based on fixed asset groups
  • D. automatically based on value models
Answer: B,C

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